Shared Collateral Agreement definition
Examples of Shared Collateral Agreement in a sentence
Pursuant to Section 7.16 of the Shared Collateral Agreement, each Grantor (other than GSX) has agreed to be bound by the terms of this Agreement and, without limiting the generality of the foregoing, has expressly agreed that all obligations and liabilities of a Grantor hereunder apply to such Grantor with the same force and effect as if such Grantor were a signatory hereto.
By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 7.13 of the Shared Collateral Agreement, hereby becomes a party to the Shared Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder and under the Collateral Sharing Agreement.
The information set forth in Annex 1-A hereto is hereby added to the information set forth in the Schedules to the Shared Collateral Agreement.
The Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Section 3 of the Shared Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.
The Shared Collateral Agreement shall hereafter be of no further force and effect, except to evidence (i) the representations and warranties made by Hawaiian Telcom, Inc.
Unless otherwise defined herein, terms defined in the Shared Collateral Agreement or the Credit Agreement and used herein shall have the meanings given to them in the Shared Collateral Agreement or the Credit Agreement, as the case may be.
Mortgagor hereby assigns to Mortgagee the Rents as further security for the payment of the Indebtedness and performance of the Obligations, and Mortgagor grants to Mortgagee the right to enter the Mortgaged Property for the purpose of collecting the same and to let the Mortgaged Property or any part thereof, [and to apply the Rents on account of the Indebtedness] [in accordance with the U.S. Shared Collateral Agreement (as defined in the Collateral Agency Agreement)].
Each of the undersigned hereby jointly and severally, unconditionally and irrevocably agrees that the Guarantee and Collateral Agreement, the Shared Collateral Agreement and the other Security Documents to which it is a party shall apply to the Existing Credit Agreement as amended, affected or modified by the Amended and Restated Credit Agreement.
The Administrative Agent shall have received insurance certificates satisfying the requirements of Section 5.2(a) of the Guarantee and Collateral Agreement and Section 5.2(a) of the Shared Collateral Agreement.
The termination provided for in this Section 7.17 shall not cure any breach of the Shared Collateral Agreement or any “Default” or “Event of Default” under and as defined in the Shared Collateral Agreement existing prior to the Effective Date.